IBBI amends norms, notifies procedures for home buyers under insolvency proceedings

The IBBI Regulations have been amended following the government coming out with an ordinance amending the IBC in June. Read more »

Deposit Rs 600 crore to refund money to home buyers, Supreme Court to Jaiprakash Associates Limited

A bench headed by Chief Justice Dipak Misra asked senior advocate F S Nariman, representing JAL, to take instruction from JAL on depositing Rs 600 crore with the apex court registry. Read more »

HDFC Bank to turn 3 lakh CSCs into its banking correspondents

Under the partnership, the village level entreprenuers (VLE) of the CSC will work as Banking Correspondent of HDFC Bank. Read more »

Coal imports by power sector in April-May reduced 15%: Piyush Goyal

This detail was provided by Goyal here while launching his ministry's CMSMS and the mobile App "Khan Prahari" designed to prevent pilferage of coal and its illegal mining. Read more »

Working to make Air India profitable again: Piyush Goyal

The government is making efforts to turnaround Air India and make it profitable again to be able it fetch higher value from its strategic disinvestment, acting Finance Minister Piyush Goyal said on... Read more »

Thomas Cook’s domestic business seeing robust growth

The outbound (international) business currently contribute 80 per cent and is growing at 20-25 per cent, while domestic travel generates the rest. Read more »

GVK may sell stake in Hotel JV to Fairfax

Fairfax, which recently bought out GVK’s stake in Bangalore airport, has had multiple rounds of talks with the Hyderabad-based infrastructure conglomerate, people with direct knowledge... Read more »

IDBI Bank’s B Sriram likely to get 5-year term post LIC deal

“The board will be reconvened, and it is up to LIC to induct new board members if it so decides, but Sriram will continue to... Read more »

Public sector banks draw up bad loan resolution plan

State-run banks are expected to take the lead in setting up the AMC for the resolution of loans above Rs 500 crore under the five-pronged plan presented by the committee. Read more »

Anil Agarwal faces shareholder resistance to $1 billion Vedanta bid

Under the proposal, Volcan would spend 778 million pounds buying out minority investors in a deal which would value Vedanta as a whole at about 2.35 billion pounds. Read more »